Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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SeattleRain

What a family of four is required to make to live comfortably (lemmy.world)

submitted 4 months ago* (last edited 4 months ago) by SeattleRain to c/housing_bubble_2

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[–] Kyrgizion 6 points 4 months ago (2 children)

As a "poor" European, our incomes are nowhere near those figures. Like, think 1/2-1/3 of those. But then again, I could come down with cancer tomorrow and not lose my home or job...

[–] SeattleRain 3 points 4 months ago

Yeah, here in America it's recommended to have at least a 6 month emergency fund. To be comfortable you'd need a year of living expense that could only be used for emergencies. That's why the comfortable budget has 20% of take home income set aside for savings.

[–] JeeBaiChow 2 points 4 months ago

Cries in ASEAN (without Singapore)...